Fundraising

Dive goes cloud-native for its computational fluid dynamics simulation service

Fundraising /

Computational Fluid Dynamics (CFD) simulations are complex, computationally expensive and not typically something that startups focus on. But that’s exactly what Boston- and Berlin-based Dive is doing. The company aims to change how manufacturers use computer simulations by both using modern mathematical approaches and cloud computing to disrupt a market that is mostly dominated by […]

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Insurance provider Understory gets into renewable energy following $15M Series A

Fundraising /

Back in 2014, Understory co-founder and CEO Alex Kubicek was on a mission to deploy a network of ground-level weather stations to track weather in real time and anticipate needs, for example, in terms of committing resources to an area after or during a storm. At the time, Kubicek teamed up with Bryan Dow to

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Spend management startup SiFi raises $10M to grow further in Saudi Arabia

Fundraising /

The global spend management sector is experiencing a tailwind of sorts. North America is arguably the biggest market in this space, but spend management companies have seen demand rise across the world, thanks to increasing internet penetration, tech advancements and businesses’ increasing focus on making sure they spend wisely. Indeed, the space is expected to

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Temasek, Fidelity buy $200M stake in Lenskart at $5B valuation

Fundraising /

Temasek and Fidelity have purchased shares worth $200 million in Indian eyewear retailer Lenskart, according to a statement by the startup’s financial advisor, Avendus.  The transaction values Lenskart at $5 billion, the startup’s co-founder and chief executive, Peyush Bansal, told TechCrunch in a text message. Avendus, which also advised selling shareholders on the deal, didn’t name

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Startups Weekly: Musk raises $6B for AI and the fintech dominoes are falling

Fundraising /

Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. In a twist that shocks absolutely no one and thrills pyromaniacs who love seeing money burn, Elon Musk’s newest venture, xAI, has snagged a casual $6

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Fintech startup Forward grabs $16M to take on Stripe, lead future of integrated payments

Fundraising /

After Brandon Lloyd sold his second company, Bypass, a payments and point-of-sale software company for sports and entertainment, to Fiserv in 2020, he dove more into the payments industry and realized something: Software companies were getting a raw deal from the payments provider industry. “Companies like Stripe originally built that platform for an online merchant

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How Clean Energy Ventures avoided the pandemic bubble and raised a $305M fund

Fundraising /

Climate tech couldn’t escape the frothiness that engulfed the startup world earlier in the decade. For both founders or venture capitalists, it was tempting to raise money. Interest rates were low, money was cheap, and investors looking for better returns were hungry to get in the game. Instead, Clean Energy Ventures took a different approach,

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LumApps, the French ‘intranet superapp,’ sells majority stake to Bridgepoint in a $650M deal

Fundraising /

Big news today for LumApps, the French startup that describes itself as an “intranet superapp” with a platform for building and provisioning internal communications and apps for workforces. The company, used by some 5 million people across 700 organizations, said private equity firm Bridgepoint is taking a majority stake in the company in what it

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MARS doubles down on India’s Infra.Market with new $50M investment

Fundraising /

Infra.Market, an Indian startup that helps construction and real estate firms procure materials, has raised $50 million from MARS Unicorn Fund as it looks to expand operations overseas, the companies told TechCrunch on Tuesday.  MARS Unicorn Fund, a joint venture between AI-driven fund Liquidity Group and Japanese bank MUFG, is an existing backer of the

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Cloover wants to speed solar adoption by helping installers finance new sales

Fundraising /

Solar panels practically sold themselves in Europe after Russia’s invasion of Ukraine sent electricity prices skyrocketing. Now, as prices have begun to fall, solar installers have found themselves spending more on marketing to attract customers. One proven way to win more business has been to offer financing. But small operations usually don’t have the resources

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